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Earnings Call Transcript

Torrent Power Earnings Call Transcript: Key Takeaways

Profit before tax fell by 60 Cr to 925 Cr, masked by 59 Cr foreign exchange adjustment. Management pivots toward renewables and new acquisitions like Nabhapura to stabilize earnings amid high gas prices.

Highlights
MarginsThermal margins resilient despite high gas costs; distribution ROI improved.
Demand visibilityPositive; 10% volume growth in Ahmedabad and 4% in franchises.
Management confidenceBalanced; focused on long-term renewable transition despite thermal headwinds.

Growth

Adjusted PBT dropped 11% to 925 Cr. Renewable capacity increased by 70 MW; distribution volumes grew by 4% across franchises.

Outlook

Renewable capacity targeted to reach 6.6 GW by FY29. FY27 capex planned at 10,000 Cr.

Risks

High gas prices ($20/MMBtu) squeeze thermal margins. Transmission infrastructure delays hinder 4.6 GW renewable project commissioning timelines.

Source

Earnings Call Transcript filed with NSE, NSE: TORNTPOWER. Summary written with AI assistance from the document.

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Torrent Power Ltd: key numbers

Share price
₹1,254.60
Market cap
₹63,220 Cr
Revenue (annual)
₹28,966 Cr
Net profit (annual)
₹2,416 Cr
P/E (TTM)
27.2×Sector 25.1×
Promoter holding
51.09%+0.00% QoQ
FII holding
8.53%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Torrent Power commissions 322 MWp of decentralized solar projects in Nashik under MSKVY 2.0. Power will be supplied to MSEDCL under a 25-year PPA.

Execution
25 years (PPA with MSEDCL)
solar generation capacity
322 MWp